ART ADVISORY SERVICES

Michelle J. Angerman and Associates, Inc. works with clients in selecting and acquiring works of fine art. Based on the nature of the project, the advisory process is tailored to impeccably fit our clients’ requests.

Art Acquisition
Our firm is devoted to meeting our clients’ needs. Whether you are looking for a certain piece of art by a particular artist, are interested in forming a new collection, or looking to add an exciting piece of art to your existing collection, Michelle Angerman will work closely with you to find the piece that is right for you. Michelle Angerman has strong business affiliations with Los Angeles and New York galleries, dealers and auction houses, providing the client with peace of mind that they are buying from a highly reputable source. Michelle Angerman will advise and make all arrangements necessary from the very first step of the process through the conclusion of the project. We pride ourselves in finding the best pieces within our clients’ budgets, negotiating on their behalf, and conducting market analysis to ensure our clients are paying a competitive price. Our services also include arranging delivery and installation as well as choosing framing options if the piece is unframed or the client wishes to change the existing frame.

Selling
Michelle J. Angerman and Associates, Inc. brokers sales in fine and decorative arts for its clients. Working with many of the local and national auction houses, our firm can assure that in selling your art, we choose the most appropriate marketplace in order to achieve the highest selling prices. Often times those without the experience of buying and selling at auction can be intimidated by the processes involved. Michelle Angerman worked at Christie’s, New York and understands the internal workings of the auction house. Our firm will work with the client and the auction house specialists to select and agree upon auction estimates as well as set the reserve that is in the best interest of our clients. We ensure that the consignment paperwork is completed accurately and arrange for the shipment or delivery of the artwork to the auction house.

TYPES OF APPRAISALS

Michelle J. Angerman and Associates, Inc. conducts various types of appraisals depending upon the expressed purpose of the report. All appraisals are written in accordance with the Uniform Standards of Professional Appraisal Practice as set forth by the Appraisal Foundation and in compliance with the report writing standards of the International Society of Appraisers and the Appraisers Association of America.

Insurance Scheduling
In order to assure proper coverage, an insurance appraisal provides the insurance company with an itemized schedule of fine art. Each article is identified, catalogued, photographed and assigned a Retail Replacement Value.

Damage / Loss Claim
In the event of a loss (i.e. fire, flood, etc.) or damage to an individual work or collection of fine art, a formal appraisal is necessary in order to determine the depreciated value of a damaged article or the value of the loss forming the settlement for an insurance claim.

Equitable Distribution
In the event of an equitable distribution (i.e. divorce, estate planning, business dissolution), an official appraisal of the articles to be disseminated is extremely useful in order to decide upon the basis for the division of personal property.

Estate
An itemized report is required by the IRS for estates worth more than 2 million. An Estate Appraisal establishes the tax liability due to the IRS.

Non-Cash Charitable Contribution
The IRS requires formal documentation for the donation of any article of fine art exceeding a Fair Market Value of $5,000. The purpose of the appraisal is to determine the tax credit for the IRS.

Collateral
A Collateral Appraisal determines the Marketable Cash Value (the value, net of expenses) of an article of fine art to be used as collateral.

Appraisal Updates
It is generally accepted that an appraisal should be revalued every three to five years. However, due to the high volatility of some markets in comparison to others, the exact point in time in which an appraisal should be updated is dependent upon the scope of the collection. Once an appraisal report is properly written and certified, updated appraisal reports become less costly.

Fees
Fees are based on an hourly rate plus expenses and are in no way determined by the appraised value.

A fee schedule is available upon request.

*Please note, there is no minimum fee, nor a minimum number of works required.

References
References are available upon request.